Monday, 13 May 2013

Mind over market

Rapid increase of trading account's size combined with trading live in front of others had an effect on my state of mind and I have noticed myself over-thinking some entries, clogging up & missing more opportunities than I used to.

I immediately focused attention on mental skills and created a free state of mind liquidating unnecessary thoughts & feelings while in action. Here is a good video interview with Mike Douglas "Mind over Market" which inspired me on how to do it.

[ Thanks to Mamood Venkataya ]

My results have increased significantly since and I expect May 2013 to be the highest net % return this year with no increase in average draw-down.

Wednesday, 20 February 2013

Book Recommendation- "Smart Thinking" by Art Markman

Improve your thinking & trading through work on your habits. Creating good ones and replacing bad ones.

Solid position on how to replace self-limiting habits with new behaviors that foster smart thinking.

The way your Memory works and how to maximize it.

Effective ways to present and process information

+ More

Thinking uses a lot of energy. That's why the brain is designed to think as little as possible.

The brain is a habit creating machine. Habits are created by consistent mapping and repetition. Habit change requires replacing bad habits with good ones

Habit- signature feature - an action you can perform automatically without having to think about it consciously.

[Click into book's graphic to take a look inside at Amazon's site]

Friday, 9 November 2012

Market Wizards

Unique position. One of a kind insights into minds of winning players. So far my favorite book on trading. Broadens understanding of every aspects of the game- fundamentals, technicals, psychology, people & all of the above combined. I will never be the same afterwards. Guaranteed to be a valuable position in your trading library.

Tuesday, 9 October 2012

Currency Wars: The Making of the Next Global Crisis

Expand your macro-economic knowledge with this solid position.

From Economic War Room Simulation to Complexity, Energy & Money.

Covering main battle gounds of Usd, Eur & Yuan on Pacific, Atlantic & other Global Fronts.

Views on Globalization, G20, Dubai as the New Casablanca, Moscow, Beijing & Correlated Collapse Scenario.

On Misuse of Economics and it's divorce from Politics, Science, Philosophy & Law and it's transition onto hard sciences of Applied Maths & old-school Physics.

On Monetization, Keynesianism & Behavioral Economics.

Interesting chapter on Complexity Theory, Energy & Money.

EndGame- Paper, Gold or Chaos?

[ Links to BUY below- the closer to your location the Better the deal ]

Friday, 5 October 2012

2 New Additions to the trading "Hall of Fame"

I have had these two on my radar for a while now and have to say that both really are delivering on quality action. Trade calls, price action analysis, market views, opinions & casual chatter. It's all there. Looking for more good follows? Check out "Hall of Fame". For now here the ones described above :

[Click into a graphic and you will be taken to trader's twitter profile]

@Abgarman

Accurate entries, valuable views & intelligent comments on a daily basis. Worthy addition to a trading column.

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@GeorgeStoykov

Retail Trader & Investor...and yes I don't think trading is investing...also a deep contrarian; BSc Finance & Minor in Economics; MSc Investment Analysics; MSc Investment Analysis

Hardly ever not in a trade. Very active trader with almost constant flow of information coming out of his stream. Solid & knowledgeable.

Blake Morrow's "Trading Chart Patterns Webinar"

Monday, October 29th 2012 6PM-7.30PM London Time

[Clcik into a graphic below if you want to be taken to registration page]

Blake Morrow's "Trading Chart Patterns Webinar"

29.95$ is a steal. Looks like Blake is going to refresh us on most profitable chart patterns he knows of. Although I like to think I know most of them well I'm all up for check up. Blake knows what he is doing and I bet it's going to be a good one.

Here is the webinar description:

Chart Patterns have always been a great guide for possible future price action and helps a trader develop trading plans and biases based on how "historically" a chart pattern plays out.

Blake will spend 90 minutes talking about specific chart patterns that are commonly found in the markets. He will focus on trend continuation patterns, common reversal patterns and "harmonic" patterns that most traders focus on. Although there are "candlestick" patterns that can develop to help assist you with your analysis, Blake will focus on certain formations he has found very important in his trading.